Why it is important to measure, manage and communicate your impact effectively
How to set up an effective Impact Management
You strive to create impact – but do you know how to measure it?
As an impact enterprise, it is only natural that you want to understand if your solution really creates the impact you set out to achieve. But how can you measure, manage and improve it? And how can you make sure that your impact accountability doesn’t eat up your resources? Also, once you approach a stage where you need to secure external funding, you’ll have the extra challenge of communicating your impact effectively to investors or donors.
In recent years, IMPACT MEASUREMENT & MANAGEMENT (IMM) approaches have been blooming, with many stakeholders creating new frameworks and tools. There is also an increased understanding that IMM – if done right – is not a burden but helps impact enterprises to substantially improve their relationships with customers and beneficiaries, and as a result, their businesses. The challenge, however, is to find the right tools and use them consistently. We are committed to helping you navigate the ocean of options and set your best course for IMM action. In this video excerpt from our online course ACCESS TO IMPACT INVESTMENT FOR SOCIAL ENTERPRISES you will learn the first steps of how to do this:
Get a quick start on the concept
Would you like to dive into some basic Impact Measurement & Management resources?
For an overview of this important subject, we have a few tips for you:
More hunger for IMM food for thought?
Here come a few extra tasty “bites”:
-> Casebook of social enterprises, by Social Value UK, KUSIF & others: Maximise Your Impact
-> Practical insights with Lean Data for IMM, by Acumen & Root Capital: Innovations in Impact Measurement